Bitcoin, Ethereum Surge To Yearly Highs As Digital Asset Funds See Record Inflows
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Benzinga
Benzinga
As Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) reached their highest levels of the year on Monday, recent data revealed that inflows into digital asset funds hit their peak last week since their inception in October 2021. What Happened: CoinShares’ latest report showed that last week, inflows into cryptocurrency futures-based ETFs managed by firms like CoinShares, Bitwise, Grayscale, ProShares, and 21Shares increased by $176.3 million. This surge brought the total for the past 10 weeks to $1.76 billion. These inflows represent 4% of the current $46.2 billion in assets under management (Au…